US Corporate R&D Spending to Reach $219 billion This Year
Total
R&D spending in the U.S. will increase 2.85% to $338 billion in 2007. U.S.
companies are expected to spend $219 billion on R&D, a 3.4% increase
over the $212 billion last year, according to a report from Battelle
Memorial Institute, published by R&D Magazine.
US corporate R&D spending in is up more than $7 billion this year, while the actual performance of R&Dby U.S. industry is up nearly $8 billion. . There are only 17 countries in the world that spend more than that on R&D.
U.S. industry spends more on R&D than any other country in the world. U.S. corporate spending on R&D alone is 64% more than all spending in second-ranked China.
Federal support for R&D is expected to rise 1.8% to $98.3 billion from $96.6 billion.
The U.S. faces competition from China and India in R&D. China's R&D spending is increasing at an annual rate of about 17%, and stood at $136 billion in 2006.
The Battelle report also estimates that in 2007 about 5% of industrial R&D spending will be outsourced to foreign laboratories, a level it expects will slowly rise.
Full 2007 U.S. R&D Funding Forecast report is available here (pdf)
